Category «State Law»

The Uniform Commercial Real Estate Receivership Act: A solution for creditors concerned about the expected flood of commercial foreclosure filings and the resulting delays in the resolution of real property disputes.

By Kenneth Dante Murena and Zachary Hyman As more businesses struggle to continue operations and meet financial obligations, mortgage defaults are likely to surge resulting in a significant increase in lenders’ efforts to exercise their rights to recover amounts owed, including through foreclosure proceedings.  While Governor DeSantis has extended the moratorium on residential foreclosures, Executive …